Earnings weren't good ill admit that but that's just a reason for the stock not to go up until earnings improve but not go down like that!
At 10 bucks ...we are talking 1/3 of sales!
No way you can find any business that you can purchase for a third of sales....unless they are tied to massive losses due to contracts they are bound too or are heavily in debt!
Even the desperate companies get 1 time sales!!!
Picture finding a company that has 3 million in sales....no debt and 600 000$ in cash. After paying all expenses including say 80000$ to the owner as salary....it breaks even. You wouldn't have the balls to go up to this guy and offer him 1 million......you know he'll show you the door....that's what's happening with BBRY @10$!
This stock shoulda traded down to 13.50$ at the most!
And no shorts aren't right , turnaround is not pass or fail in 90 days....if your a short and you covered then you nailed your trade ...good job....but if your a short waiting for 0 ...good luck w that!
Without their tax credits they are burning through about 1/2 billion a quarter, you do the math and tell me how long your think they are going to survive at this rate?
100% behind yo. After looking thru the ER over and over, I cannot see anything less than $13. IMO we will see some correction thru next week.
MY QUESTION is what do you think this ANNUAL SHAREHOLDER meeting on July 9th could reveal? Wishin on miracles will get you burned, but the possibilities are still in the air (maybe more than when we were in the $15 range) Thoughts?
I don't know...lot of stupid people out there....... And when I said 1/3 of sales that's with their 2.7 million phones sold.....so it's based on that.........I gotta sell some stocks and buy more bbry at this price!
Some companies are valued very high and some are valued low compared to sales and other criteria. DELL is being valued at P/S of 0.41 and forward PE of around 11. Some companies that show high revenue are valued very high - WDAY with P/S of 36. And different people come up with vastly different valuations for the same company.